It takes a networth of RM32 million in Monaco to be in the top 1% locally, but about half that amount in the U.S. and Switzerland. Singapore too has a high threshold, a new report shows. Source: Bloomberg Wealth The U.S. leads in the number of ultra-rich individuals even as wealth growth has surged recently in […]
IPOH can now enjoy a new RM425 million Ipoh International Convention Centre (IICC), which will be fully operational from next month. It is expected to attract more business travelers to the city and in turn benefit its residents. Property developer Bond Holdings Sdn Bhd as the manager, the Ipoh City Council (MBI) as landowner, and […]
Prelude After Malaysia was hit with the Great Lockdown recession in 2019/2020, the real estate industry was hit tremendously, with some property developers declining over 70% in the local bourse, and had yet to recover. In November 2020, the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) […]
The lawyer for FGV Holdings Bhd’s former chairman Tan Sri Mohd Isa Abdul Samad today disputed the credibility of the surveyor who valued two luxury condominiums at the centre of the company’s lawsuit against Mohd Isa. Lawyer Mavinthra Jothy Thillainathan argued that Foo Gee Jen, the group managing director of property consultancy firm C H […]
Kuala Lumpur, May 4th, 2020: Aimed at public safety, the Movement Control Order (MCO) has nonetheless caused hardships especially within the B40 community. To alleviate the difficulty faced by members from the low income community, Tago (M) Sdn Bhd, a boutique property developer, has teamed up with Komuniti Tukang Jahit (KTJ) to stitch 1,000 cloth-based […]
The Council of Auctioneers Malaysia has been given the nod to challenge the High Court registrar’s decision to implement the electronic bidding system or e-Lelong in all courts in West Malaysia. The group’s lawyer, Haniff Khatri Abdulla, told reporters today that High Court judge Azizah Nawawi had allowed their application for leave for a judicial […]
November 2018:- A new boutique lodging known as Lodge 163 had opened in Ipoh, Perak. The property, a pre-war historic Shop offers boutique accomodation with different themed rooms. Its owner, Mr Tham explained “Lodge 163 is located at the main road of Hugh Low Street, a historic street that we studied even in the Malaysian […]
November 2018 :- Following the abolishment of the Goods and Services Tax (GST), the Sales and Service Tax (SST) kicked off on Sept 1 promptly, but without a complete list of chargeable items, surprising many business operators and consumers. Property buyers should be relieved though, as property, including land, is not chargeable under SST. Under […]
KUALA LUMPUR, 25 July 2018 – The Smart Living and Innovation Caucus 2018 (SLIC 2018) will see local and global speakers sharing their insights on environmental stability, sustainability, design and architecture, ideas and inventions; and livability and mobility. The two-day conference hosted by Astro AWANI will be held at Shangri-La Hotel, Kuala Lumpur from 7 […]
MIEA anticipates a ‘confidence’ gaining property market through 2018 Association refocuses industry training programmes on skill development for real estate fraternity Petaling Jaya, August 9, 2018: Malaysian Institute of Estate Agents (MIEA) Mr Lim today said that the Malaysian property market is set to gradually improve in the years ahead through to 2020. “The property market […]